Bank of Kigali office in Kenya shut
Business
By
Sharon Wanga
| Apr 05, 2024
The Central Bank of Kenya has announced the closure of the Bank of Kigali representative office in Kenya, starting April 2, 2024.
The decision was arrived at following a meeting with Bank of Kigali Group Plc, the parent company, agreeing to lay their focus on digital service delivery.
The bank will cease operation in Kenya effective April 2, CBK stated.
Bank of Kigali's office was first established in Kenya in February 2013.
Headquartered in Kigali, it was founded in 1966 and has been operating legally.
READ MORE
Government should address issues raised by young people without resorting to intimidation
Subaru driver in a dramatic high-speed chase after alleged hit-and-run in Nairobi
Bottled water exempted from excise duty
Kenya out to increase its participation at LA28
Initiative to upskill youth in construction sector launched
Cyril Maloba: The math teacher who refused to stop
Knec call for KCSE candidates as curtain falls on 8-4-4 education system
'A criminal act of the State,' Orengo says of Lichuma torture claims
From Kenya to Zambia: Kenyan firm wins role in school meals overhaul
'Mr Speaker Sir' freed on Sh100,000 bond in Sh41m Parliament damage case
According to CBK, the Rwandan government controls majority shareholding in the bank.
Bank of Kigali is also cross-listed on the Nairobi Securities Exchange (NSE).